With regulators cracking heads over sales of proprietary products, could the overwhelming success of Edward Jones' Bridge Builder program be a problem?
The self-regulatory organization is continuing its recent push to hold broker-dealers accountable for the suitability of product sales.
Finra ordered a dozen firms to pay restitution and fines totaling $6.7 million for failing to give clients discounts for large purchases of unit investment trusts.
Fines, levied in July and August, top $500,000; Voya Financial takes biggest hit
Implementing the standard on retirement accounts could reduce annual revenues by more than twice current estimates, according to a Morningstar report.
The REIT czar is not selling his real estate management business to the private equity giant.
She notes that advertising of sophisticated investments has been muted.
The question for next year is whether independent broker-dealers can regain the momentum they enjoyed in 2009 and 2010.
Rising rates should bring a vital cushion to the balance sheets of independent broker-dealers.
For the second time since the credit crisis, noted private equity investor Donald Marron is making a hard charge to acquire the large IBD.
